HCL Technologies believes the $1.8-billion acquisition of seven IBM software products, five of them with existing intellectual property partnerships, will help the company break into the software products segment and deepen engagement with customers, CEO C VIjayakumar told Surabhi Agarwal .

HCL Technologies has joined hands with and NetBrain Technologies to launch HCL NetBot, which is a joint collaborative technology that offers network visibility and network automation capabilities for enterprise IT teams.

After PSU banks, the government is likely to infuse capital in two chronically ill telecom PSUs BSNL and MTNL, and the Union Cabinet is likely to take a decision on 4G spectrum allocation to them by the third week of the current month after DoT places the note before it for consideration.

At a high-level meeting at the PMO late Tuesday, it was also decided that the two telcos will frame a Voluntary Retirement Scheme (VRS) to reduce their employee strength, which will be followed by a reduction in the retirement age to 58.